Worldwide Entertainment, Inc., based in Fort Lauderdale, FL, is a company that has been placed under the receivership of Michael I. Goldberg, the court-appointed Receiver. The company, along with its affiliated entities, has been involved in a legal case filed by the Securities Exchange Commission. The Receiver has made several distributions to eligible creditors, totaling approximately $35 million, representing a return of 21.37% of their principal investments.
John P. Utsick, the former head of Worldwide Entertainment, Inc., was extradited from Brazil and sentenced to 220 months in prison. The company's website provides updates on the progress of the receivership case and encourages investors to keep their contact information up to date. The Receiver's office can be contacted for any further inquiries regarding the matter.
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